Stock Yards Bancorp, Inc. SYBT Income Statement

Stock yards bancorp, inc. (SYBT)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest income:
Loans and leases, including fees
136,520	134,342	131,602	126,939	122,976	118,467	112,967	108,018	102,926	99,924	97,640	95,666	93,865	91,798	89,412	86,900	84,949	83,371	82,260	81,765	80,940	79,884	79,516	79,320	79,013	78,703	78,933	78,574	78,567	79,398	78,933	78,927	79,329	79,049	79,628	79,475	0	0	0
Federal funds sold and interest bearing due from banks
2,731	2,933	2,632	2,439	1,772	1,307	1,336	1,351	1,464	1,330	894	601	436	491	474	444	384	263	261	269	281	292	295	285	294	295	319	338	328	320	304	294	281	255	208	155	0	0	0
Mortgage loans held for sale
206	182	166	167	168	166	167	173	182	191	197	215	221	237	254	255	270	249	226	213	182	174	170	173	186	219	304	345	345	344	305	253	231	231	240	247	0	0	0
Securities available for sale:
Taxable
9,737	9,839	10,056	9,872	9,431	9,001	8,490	8,438	8,389	8,365	8,299	8,343	8,410	8,451	8,506	8,395	8,241	8,120	7,998	7,907	7,762	7,565	7,217	6,998	6,566	6,099	5,736	5,489	5,550	5,657	5,672	5,612	5,419	5,174	5,082	5,139	0	0	0
Tax-exempt
397	469	545	632	738	832	929	1,008	1,049	1,089	1,117	1,144	1,173	1,195	1,197	1,191	1,179	1,167	1,164	1,163	1,165	1,172	1,180	1,177	1,174	1,148	1,137	1,108	1,134	1,182	1,222	1,274	1,303	1,330	1,330	1,304	0	0	0
Total interest income
149,591	147,765	145,001	140,049	135,085	129,773	123,889	118,988	114,010	110,899	108,147	105,969	104,105	102,172	99,843	97,185	95,023	93,170	91,909	91,317	90,330	89,087	88,378	87,953	87,233	86,464	86,429	85,854	85,924	86,901	86,436	86,360	86,563	86,039	86,488	86,320	0	0	0
Interest expense:
Deposits
19,456	20,560	20,752	19,408	16,430	13,441	10,461	8,082	6,889	5,975	5,264	4,612	4,110	3,943	3,844	3,803	3,762	3,739	3,813	3,978	4,154	4,321	4,497	4,641	4,812	5,011	5,347	5,863	6,459	7,166	7,912	8,707	9,480	10,105	11,055	11,929	0	0	0
Securities sold under agreements to repurchase
309	318	953	982	984	992	209	264	295	316	337	265	233	212	163	167	170	174	151	146	143	140	140	141	145	146	148	156	166	180	192	214	235	253	288	301	0	0	0
Federal funds purchased and other short-term borrowing
0	-	0	0	0	-	0	0	0	-	-	-	-	-	63	51	33	-	25	26	30	29	29	30	30	32	33	32	31	31	31	31	33	38	45	45	0	0	0
Long term debt
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal Home Loan Bank advances
1,848	1,640	1,386	1,105	910	924	0	0	0	-	-	-	-	-	797	867	910	-	913	878	860	840	851	853	866	887	2,046	2,170	2,315	2,461	1,439	1,462	1,462	1,460	1,715	1,903	0	0	0
Subordinated debentures
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,090	3,090	3,090	3,090	3,113	3,206	3,295	3,386	3,451	3,455	3,455	0	0	0
Total interest expense
21,608	22,544	22,561	21,158	18,294	15,357	12,334	9,781	8,232	7,246	6,470	5,705	5,136	4,918	4,842	4,863	4,850	4,852	4,902	5,028	5,187	5,330	6,289	7,210	8,170	9,166	10,664	11,311	12,061	12,951	12,780	13,709	14,596	15,307	16,558	17,633	0	0	0
Net interest income
127,983	125,221	122,440	118,891	116,791	114,416	111,555	109,207	105,778	103,653	101,677	100,264	98,969	97,254	95,001	92,322	90,173	88,318	87,007	86,289	85,143	83,757	82,089	80,743	79,063	77,298	75,765	74,543	73,863	73,950	73,656	72,651	71,967	70,732	69,930	68,687	0	0	0
Provision for credit losses
5,950	1,000	1,000	1,335	2,570	2,705	3,605	3,020	2,385	2,550	2,150	3,250	3,400	3,000	3,250	2,000	1,250	750	0	-2,100	-750	-400	1,175	4,600	4,575	6,550	7,450	8,600	9,750	11,500	12,125	13,750	13,875	12,600	12,195	10,479	0	0	0
Net interest income after provision
122,033	124,221	121,440	117,556	114,221	111,711	107,950	106,187	103,393	101,103	99,527	97,014	95,569	94,254	91,751	90,322	88,923	87,568	87,007	88,389	85,893	84,157	80,914	76,143	74,488	70,748	68,315	65,943	64,113	62,450	61,531	58,901	58,092	58,132	57,735	58,208	0	0	0
Non-interest income:
Non-interest income
23,422	22,643	22,151	21,793	21,475	21,536	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage banking income
3,486	3,090	2,614	2,492	2,442	2,568	2,875	2,944	3,095	3,221	3,381	3,672	3,805	3,897	3,871	3,571	3,454	3,488	3,215	3,084	2,893	2,653	2,559	2,913	3,386	3,978	0	0	0	-	-	-	-	-	-	-	-	-	-
Gain on call of securities
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on call of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bankcard transaction revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Gains on sales of mortgage loans held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	1,998	1,869	0	0	0
Loss on sales of securities available-for-sal eand 2013, repectively.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	0	-
Investment product sales commissions and fees
-	-	-	-	-	-	-	-	-	-	-	-	-	2,145	1,988	2,015	1,976	1,994	2,099	2,053	2,016	2,060	1,972	1,889	2,049	2,159	2,442	2,637	2,667	2,593	2,450	2,369	2,247	2,219	2,138	2,071	0	0	0
Bank owned life insurance
1,032	1,031	1,414	1,113	1,120	1,129	768	0	0	-	0	-	-	871	876	882	888	889	898	905	913	927	959	990	1,015	1,031	1,034	1,000	1,001	1,006	1,001	1,032	1,027	1,019	1,012	1,003	0	0	0
Gain on acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	1,910	1,659	1,414	1,411	1,263	1,784	1,779	1,755	1,747	1,842	1,868	1,805	1,739	651	1,142	1,444	2,308	3,132	2,150	1,721	1,046	1,386	1,833	0	0	0
Total non-interest income
51,318	49,790	48,151	46,273	45,445	45,346	45,155	44,674	44,764	44,499	44,433	44,846	44,099	43,537	42,291	40,918	40,359	39,950	39,650	39,515	39,353	39,155	39,193	38,995	39,249	39,002	39,318	39,461	38,440	38,457	37,559	35,622	34,484	33,244	32,277	32,342	0	0	0
Non-interest expenses:
Compensation
50,751	50,319	48,670	47,947	46,935	46,104	45,012	44,019	42,882	42,581	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Employee benefits
11,650	11,038	10,823	10,416	10,020	10,098	10,241	10,108	9,878	9,987	-20,454	-10,774	-1,085	8,368	10,510	9,795	9,207	8,112	44,806	45,328	44,669	44,687	44,656	43,309	42,606	41,145	39,957	39,160	38,565	37,960	36,738	34,555	33,777	33,125	32,773	33,564	0	0	0
Net occupancy and equipment
8,449	8,417	8,134	7,849	7,684	7,653	7,310	7,333	7,304	7,393	8,332	8,041	7,805	7,422	7,265	7,137	7,041	6,986	5,969	5,873	5,876	5,963	5,858	5,958	5,940	5,615	5,641	5,484	5,513	5,651	5,489	5,438	5,331	5,192	5,037	5,019	0	0	0
Technology and communication
9,831	9,591	9,449	9,203	9,040	8,897	6,994	7,304	7,739	7,957	8,320	8,162	7,923	7,619	7,281	7,106	6,981	6,891	6,306	6,325	6,287	6,393	6,493	6,422	6,523	6,319	5,842	5,618	5,321	5,278	5,379	5,366	5,190	5,014	4,885	4,924	0	0	0
Debit and credit card processing
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Marketing and business development
3,562	3,627	3,168	3,176	3,078	3,099	3,164	3,035	2,917	2,716	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Postage, printing and supplies
1,687	1,652	1,615	1,583	1,573	1,558	1,528	1,513	1,495	1,475	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal and professional
3,103	3,014	3,697	3,674	2,655	2,614	2,249	2,319	2,457	2,393	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Furniture and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,138	1,143	1,112	-	1,009	996	995	1,016	1,076	1,076	1,103	1,126	1,187	1,265	1,305	1,306	1,266	1,225	1,236	1,299	1,314	1,329	0	0	0
FDIC insurance
136	245	729	967	957	961	962	966	972	960	862	976	1,083	1,181	1,361	1,323	1,289	1,258	1,214	1,236	1,269	1,314	1,408	1,416	1,423	1,431	1,454	1,504	1,493	1,494	1,451	1,392	1,385	1,655	1,797	1,989	0	0	0
Acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
(Gain) Loss on other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	271	56	-412	-344	-652	0	0	0	-	-	-	-	-	-	-	-	-	-
Amortization/impairment of tax credit partnerships
1,062	1,078	241	162	0	-	0	0	-	7,124	3,259	3,658	4,059	4,458	3,205	2,348	1,491	634	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital and deposit based taxes
3,996	3,870	3,737	3,482	3,377	3,325	3,630	3,624	3,528	3,440	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
5,393	5,500	5,009	4,769	4,465	3,963	3,834	4,062	4,206	4,394	-2,900	-688	1,326	3,001	4,030	3,850	4,255	4,660	13,386	13,362	13,023	13,012	13,899	13,603	13,830	13,516	11,750	12,749	12,743	12,373	12,977	11,581	10,855	11,580	10,957	11,017	0	0	0
Total non-interest expenses
99,689	98,351	96,598	94,422	91,094	89,509	91,992	91,379	90,452	90,420	84,641	83,991	82,975	81,520	78,573	76,485	75,159	73,398	74,331	74,610	73,444	73,209	73,334	72,196	73,317	71,352	69,155	68,629	66,315	65,472	65,016	61,273	59,490	59,581	56,763	57,842	0	0	0
Income before income tax expense
73,662	75,660	72,993	69,407	68,572	67,548	61,113	59,482	57,705	55,182	59,319	57,869	56,693	56,271	55,469	54,755	54,123	54,120	52,326	53,294	51,802	50,103	46,773	42,942	40,420	38,398	38,478	36,775	36,238	35,435	34,074	33,250	33,086	31,795	33,249	32,708	0	0	0
Income tax expense
10,004	9,593	8,917	8,689	10,818	12,031	15,308	15,849	17,049	17,139	15,606	15,393	14,710	15,244	15,412	15,881	16,356	16,933	16,063	16,426	15,902	15,281	14,360	12,736	11,841	11,228	11,107	10,404	10,171	9,634	8,445	8,529	8,471	8,191	9,622	9,299	0	0	0
Net income
63,658	66,067	64,076	60,718	57,754	55,517	45,805	43,633	40,656	38,043	43,713	42,476	41,983	41,027	40,057	38,874	37,767	37,187	36,263	36,868	35,900	34,822	32,413	30,206	28,579	27,170	27,371	26,371	26,067	25,801	25,629	24,721	24,615	23,604	23,627	23,409	0	0	0
Net income per share, basic (in dollars per share)
0.59	0.74	0.76	0.73	0.69	0.65	0.61	0.60	0.59	0.22	0.52	0.47	0.48	0.48	0.47	0.45	0.44	0.22	0.42	0.41	0.63	-0.20	0.68	0.55	0.56	0.44	0.53	0.45	0.49	0.47	0.48	0.44	0.47	0.46	0.42	0.43	0.40	0.46	0.41
Net income per share, diluted (in dollars per share)
0.58	0.73	0.76	0.72	0.68	0.65	0.60	0.59	0.58	0.22	0.51	0.46	0.47	0.45	0.46	0.45	0.44	0.22	0.41	0.40	0.62	-0.21	0.67	0.55	0.56	0.42	0.53	0.45	0.49	0.46	0.48	0.44	0.47	0.46	0.42	0.43	0.40	0.46	0.40
Weighted average outstanding shares:
Basic (in shares)
22,516	22,492	22,550	22,689	22,661	22,638	22,636	22,625	22,577	22,556	22,542	22,538	22,492	22,449	22,385	22,336	22,254	29,509	22,131	22,065	14,647	-	14,574	14,545	14,506	-	14,408	14,203	13,814	-	13,883	13,874	13,844	-	13,799	13,789	13,747	13,701	13,690
Diluted (in shares)
22,736	22,755	22,810	22,949	22,946	22,910	22,968	22,967	22,931	22,970	22,964	22,996	23,002	23,069	22,803	22,704	22,592	30,101	22,479	22,404	14,852	-	14,748	14,704	14,701	-	14,556	14,243	13,851	-	13,966	13,941	13,890	-	13,838	13,879	13,837	13,807	13,790
Fiduciary and Trust [Member]
Non-interest income
23,422	22,643	22,151	21,793	21,475	21,536	21,457	21,102	20,911	20,505	20,208	19,983	19,637	19,155	18,669	18,242	18,086	18,026	17,963	18,092	18,196	18,212	18,080	17,595	16,969	16,287	15,635	15,133	14,674	14,278	13,971	13,803	13,794	13,841	13,590	13,475	0	0	0
Deposit Account [Member]
Non-interest income
5,618	5,513	5,377	5,415	5,526	5,759	5,863	5,949	6,018	6,172	3,950	4,926	5,672	6,253	6,341	6,139	6,076	6,010	8,884	8,836	8,860	8,883	9,014	9,068	9,089	8,986	8,767	8,580	8,461	8,516	8,564	8,570	8,479	8,348	8,375	8,395	0	0	0
Credit and Debit Card [Member]
Non-interest income
8,359	8,123	7,827	7,484	7,005	6,769	6,523	6,256	6,081	5,979	5,869	5,832	5,751	5,655	5,483	5,251	5,064	4,876	4,798	4,757	4,720	4,673	4,776	4,681	4,492	4,378	4,086	3,984	3,981	3,985	3,912	3,887	0	-	0	0	-	-	-
Treasury Management [Member]
Non-interest income
5,119	4,992	4,883	4,770	4,681	4,571	4,487	4,419	4,388	4,297	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment Advisory, Management and Administrative Service [Member]
Non-interest income
1,608	1,498	1,552	1,596	1,629	1,677	1,727	1,687	1,647	1,629	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Life Insurance Product Line [Member]
Non-interest income
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product and Service, Other [Member]
Non-interest income
2,674	2,900	2,333	1,610	1,567	1,337	1,727	1,772	1,714	1,769	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-